The Annual General Meeting of NIBE Industrier AB (publ) was held on Tuesday, May 16, 2023, at NIBE’s new heat pump factory in Markaryd.
The AGM approved the Board’s proposal to pay a dividend of SEK 0.65 per share. The record date for the payment of the dividend is May 19, 2023.
Members of the Board
Georg Brunstam, Eva Karlsson, Jenny Larsson, Gerteric Lindquist, Hans Linnarson, Anders Pålsson and Eva Thunholm were re-elected to the Board. Hans Linnarson was re-elected as the Chairman of the Board.
KPMG AB was elected as the company’s auditor for the period until the close of the 2024 AGM, with authorized public accountant Jonas Nihlberg appointed as Auditor-in-charge.
Adoption of the income statement and balance sheet and discharge from liability
The AGM adopted the income statements and balance sheets of the Parent and of the Group and discharged the Board and CEO from liability for the 2022 financial year.
Fees to the Board of Directors and auditors
The AGM agreed on Board and audit fees as follows:
Fees to the Board amount to a total of SEK 3,500,000, of which SEK 1,000,000 is to the Chairman and
SEK 500,000 to each of the other Board members elected by the AGM who are not employees of the Group. Audit fees are paid according to approved invoices.
Mandate for the Board to issue new shares in conjunction with acquisitions
The AGM resolved to authorize the Board of Directors of NIBE Industrier AB to issue Class B shares in the company, on one or more occasions during the period leading up to the next AGM, with or without deviation from the shareholders’ preferential rights. The shares may only be issued to finance the acquisition of companies, parts of companies or operations. This mandate does not include the right for the Board to decide on cash issues without regard to the shareholders’ preferential rights. The mandate shall be limited to the issuance of shares corresponding to a maximum of 10% of the total number of shares outstanding at the date of the AGM.
The Board’s guidelines on remuneration and other terms of employment for senior executives
The AGM approved the Board’s proposal that senior executives shall, as an incentive, be entitled to a variable salary component that is payable if set targets are achieved. The variable component shall be restricted to four months’ salary. It shall also be possible for senior executives to receive an additional month’s salary on condition that this additional payment plus another month’s salary paid as a variable bonus are used to purchase NIBE shares. A further condition for entitlement to receive this additional month’s remuneration is that the shares thus purchased are retained for at least three years. Under normal circumstances, NIBE shares acquired in this way shall be purchased on one occasion each year in February/March and the purchase shall be subject to the relevant market abuse regulations. No incentive programme is offered to the CEO. The Board may depart from these guidelines if there are specific reasons for doing so in an individual case.
For more Information
Gerteric Lindquist, CEO, Hans Backman, CFO; +46 (0)433-27 30 00
NIBE Industrier AB (publ) is required to disclose the information in this press release under Nasdaq Stockholm’s regulations for issuers. This information was submitted by the contact persons above for publication on May 16, 2023 at 19:30 CEST.